Title : Jamie Dimon Says AI Will Eliminate Jobs, 'It Is What It Is' — But Warns Cutting $150,000 Truck Driving Jobs To $25K A Year Would Bring 'Civil Unrest'
By Jeannine Mancini , October 2026
AI is going to change the job market, whether people are ready for it or not ... But Dimon (JPMorgan Chase CEO) warned that the speed of that transition could matter just as much as the technology itself...
He also warned that AI could move "too fast for society." If that happens, he said, government and businesses may need to work together to retrain workers, help people relocate and provide income assistance during the transition.
Dimon pointed to Trade Adjustment Assistance, a federal program designed to help workers who lose their jobs because of trade, ... the program was "incredibly poorly done" in the U.S. and "did not work." This time, he said, the goal should be to have a plan that actually works ...
Dimon then offered a hypothetical example ... There are 2 million commercial trucks in the U.S., Dimon said, and AI could eventually make it possible to operate trucks with the push of a button ... But that doesn't mean the transition should happen overnight.
"And should you do it all at once if 2 million people go from driving a truck making $150,000 a year to a next job that might be $25,000?" Dimon asked. "No. You'll have civil unrest ...
By Jeannine Mancini , October 2026
AI is going to change the job market, whether people are ready for it or not ... But Dimon (JPMorgan Chase CEO) warned that the speed of that transition could matter just as much as the technology itself...
He also warned that AI could move "too fast for society." If that happens, he said, government and businesses may need to work together to retrain workers, help people relocate and provide income assistance during the transition.
Dimon pointed to Trade Adjustment Assistance, a federal program designed to help workers who lose their jobs because of trade, ... the program was "incredibly poorly done" in the U.S. and "did not work." This time, he said, the goal should be to have a plan that actually works ...
Dimon then offered a hypothetical example ... There are 2 million commercial trucks in the U.S., Dimon said, and AI could eventually make it possible to operate trucks with the push of a button ... But that doesn't mean the transition should happen overnight.
"And should you do it all at once if 2 million people go from driving a truck making $150,000 a year to a next job that might be $25,000?" Dimon asked. "No. You'll have civil unrest ...
